Pangaea Logistics Solutions Ltd. (PANL) Coverage Initiated by Analysts at Fearnley Fonds

Fearnley Fonds began coverage on shares of Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) in a report issued on Tuesday morning. The firm issued a buy rating and a $3.60 price objective on the shipping company’s stock.

Separately, Deutsche Bank AG began coverage on shares of Pangaea Logistics Solutions in a research note on Wednesday, August 30th. They set a buy rating and a $111.10 price target for the company.

Shares of Pangaea Logistics Solutions (PANL) remained flat at $2.36 during mid-day trading on Tuesday. The company had a trading volume of 195 shares. Pangaea Logistics Solutions has a 1-year low of $2.14 and a 1-year high of $4.44. The company’s market capitalization is $103.36 million. The stock’s 50 day moving average price is $2.45 and its 200 day moving average price is $2.87.

Pangaea Logistics Solutions (NASDAQ:PANL) last announced its quarterly earnings results on Monday, August 14th. The shipping company reported $0.01 EPS for the quarter. The firm had revenue of $91.42 million during the quarter. Pangaea Logistics Solutions had a net margin of 0.88% and a return on equity of 6.56%. Equities research analysts predict that Pangaea Logistics Solutions will post ($0.02) earnings per share for the current year.

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An institutional investor recently raised its position in Pangaea Logistics Solutions stock. RBF Capital LLC grew its position in Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,179 shares of the shipping company’s stock after acquiring an additional 16,630 shares during the period. RBF Capital LLC owned 0.33% of Pangaea Logistics Solutions worth $400,000 at the end of the most recent reporting period. Institutional investors own 28.65% of the company’s stock.

Pangaea Logistics Solutions Company Profile

Pangaea Logistics Solutions, Ltd. is a holding company. The Company is a provider of seaborne drybulk transportation services. The Company services a range of industrial customers who require the transportation of a range of drybulk cargoes, including grains, coal, iron ore, pig iron, hot briquetted iron, bauxite, alumina, cement clinker, dolomite and limestone.

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